Recognition and Reporting of Selling Expenses - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7) +--- Thread: Recognition and Reporting of Selling Expenses (/showthread.php?tid=6350) |
Recognition and Reporting of Selling Expenses - tango_acc - 08-08-2009 hi, outbound freight incurred during selling, the cost is not COGS. the cost should be considered as what cost and where it should be reported? thanks regards - faisal_desperado - 08-10-2009 <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by tango_acc</i> <br />hi, outbound freight incurred during selling, the cost is not COGS. the cost should be considered as what cost and where it should be reported? thanks regards <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> Cost should be treated as Selling expense, under the head "selling and admin expense". Regards, - shahid amin - 09-03-2009 <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by faisal_desperado</i> <br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by tango_acc</i> <br />hi, outbound freight incurred during selling, the cost is not COGS. the cost should be considered as what cost and where it should be reported? thanks regards <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> Cost should be treated as Selling expense, under the head "selling and admin expense". Regards, <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> Good sir, I agree with you, these expenses included in incomestatement |